NZ Funds Dividend and Growth Portfolio

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Not Mindful
Type: Aggressive fund
Past Returns: 14.43%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 5.36%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Rio Tinto Ltd 0.28%

Human Rights & Environmental Violations

Rio Tinto Ltd 0.28%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 36.18% 39.04%
2020 -7.01% -3.49%
2019 9.82% 7.74%
2018 7.69% 4.39%
2017 9.49% 13.18%
2016 4.71% 10.6%
2015 14.67% 16.9%
2014 10.13% 3.52%
2013 13.93% 16.58%
2012 -2.50% -5.64%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Westpac Current Account
    New Zealand Cash and Equivalents A-1+
    17.59%
  • Goldman Sachs AUD Margin Account
    United Kingdom Cash and Equivalents A-1
    10.95%
  • Summerset Group Holdings Ltd
    New Zealand Australasian Equities
    5.88%
  • Fisher & Paykel Healthcare
    New Zealand Australasian Equities
    5.66%
  • Infratil
    New Zealand Australasian Equities
    4.45%
  • Citibank Australia AUD Current Account
    United States Cash and Equivalents A-1
    4.23%
  • Spark New Zealand
    New Zealand Australasian Equities
    3.93%
  • Fletcher Building
    New Zealand Australasian Equities
    3.81%
  • Chorus
    New Zealand Australasian Equities
    3.74%
  • Goldmans Sachs Otc Collateral NZD Margin Account
    United Kingdom Cash and Equivalents A-1
    3.66%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 0.68%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.98%
Australasian Equities 85.0% 95.47%
International Equities 0.0% 0.0%
Listed Properties 10.0% 2.87%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.28%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.28%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words

"The objective of the Dividend and Growth Portfolio is to grow your investment over the long term. The fund is anticipated to mainly hold New Zealand and Australian shares."

Value $200M NZD
Period of data report Wed March 31st 2021
Fund started Fri Oct. 31st 2008
Total annual fund fees 5.36%
Total performance based fees 1.9%
Manager's basic fee 2.83%
Administration charges 0.63%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Michael Lang

Currently: Chief Executive and a Director (2 years, 6 months)
Previously: Chief Investment Officer New Zealand Funds Management Limited (10 years, 1 months)

James Grigor

Currently: Chief Investment Officer and a Principal (2 years, 4 months)
Previously: Senior Portfolio Manager New Zealand Funds Management Limited (1 years, 7 months)

Mark Brooks

Currently: Head of Income and a Principal (13 years, 4 months)
Previously: Senior Portfolio Manager Credaris (3 years, 4 months)

Andrew Curtayne

Currently: Senior Portfolio Manager (0 years, 11 months)
Previously: Senior Analyst Melqart Asset Management (3 years, 8 months)

David Haslam

Currently: Senior Dealer (4 years, 3 months)
Previously: Equities Trader UBS NZ (0 years, 11 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.